3,258 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Acquired by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,258 shares of the basic materials company’s stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new stake in Royal Gold in the 4th quarter worth $27,000. Larson Financial Group LLC grew its position in Royal Gold by 526.3% during the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Royal Gold during the fourth quarter valued at about $31,000. BKM Wealth Management LLC acquired a new position in Royal Gold in the 4th quarter valued at approximately $36,000. Finally, Lindbrook Capital LLC raised its holdings in Royal Gold by 414.9% in the 4th quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 307 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the sale, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Royal Gold stock opened at $121.98 on Wednesday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $134.56. The firm has a market cap of $8.02 billion, a P/E ratio of 35.98, a P/E/G ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. The business’s fifty day moving average is $125.15 and its two-hundred day moving average is $118.96.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $148.90 million for the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. Equities research analysts forecast that Royal Gold, Inc. will post 4.52 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. Royal Gold’s dividend payout ratio (DPR) is currently 47.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Jefferies Financial Group started coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. Finally, BMO Capital Markets boosted their price target on Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and an average target price of $143.86.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.